Welcome to Tuesday!
Greenback jumps but outlook's cautious
On Thursday, the US currency added versus a trade-weighted basket of currencies because traders consolidated positions with the low-yielding Swiss franc as well as Japanese yen backed amid deepening anxiety over tensions between America and North Korea.
The markets are seeking direction after Wednesday's steep moves and geopolitical worries will dominate in financial markets in the coming days, as some financial experts state.
The dollar index leapt 0.2% trading at 93.73.
On Wednesday, the Swiss franc along with Japanese yen had notched up huge revenues versus the greenback after Donald Trump warned North Korea that it would stumble on fire and fury if it dared to keep threatening the USA.
In return, North Korea announced its intention to launch missiles at Guam, an American Pacific island territory.
The common currency lost 0.3% hitting 1.1726 versus the greenback. It has dipped 1.5% since reaching a 2-1/2 year maximum of 1.1910 on August 2.
In July, Britain's inflation rate rallied for the first time in 2018, thus leaving many UK households feeling quite squeezed by prices, soaring at nearly the same tempo as their wages…
On Friday, the evergreen buck rallied versus its counterparts after data disclosed that the American economy generated more jobs than anticipated In October, thus backing the Fed’s case to proceed with gradual rate lifts…
On Monday, gold declined because the evergreen buck managed to gain early traction, thus putting pressure on the most popular precious commodity, which has been sticking with the year’s minimums…